Mount Morgan is a smaller suburb in Queensland within the Rockhampton local government area (postcode 4714). With a population of 2,018, the suburb has a mature demographic with a median age of 52. Households earn a median income of $41K per year, with an average household size of 2 people. The most common occupations are labourers, community & personal service, machinery operators & drivers. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Mount Morgan is $215,000, having surged 16.8% over the past year. The median weekly rent is $200 (Census 2021). This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $758.
Mount Morgan is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 846, which is well below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Rockhampton LGA is higher than average at 11,689 incidents per 100,000 population.
From an investment perspective, Mount Morgan offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($215K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 5.3x is considered affordable. House prices have moved +16.8% year-on-year.
Mount Morgan is a smaller suburb in Queensland within the Rockhampton local government area (postcode 4714). With a population of 2,018, the suburb has a mature demographic with a median age of 52. Households earn a median income of $41K per year, with an average household size of 2 people. The most common occupations are labourers, community & personal service, machinery operators & drivers. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Mount Morgan is $215,000, having surged 16.8% over the past year. The median weekly rent is $200 (Census 2021). This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $758.
Mount Morgan is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 846, which is well below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Rockhampton LGA is higher than average at 11,689 incidents per 100,000 population.
From an investment perspective, Mount Morgan offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($215K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 5.3x is considered affordable. House prices have moved +16.8% year-on-year.